Montag & Caldwell LLC Has $13.31 Million Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Montag & Caldwell LLC cut its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 22.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 97,246 shares of the financial services provider's stock after selling 27,683 shares during the period. Intercontinental Exchange makes up about 2.7% of Montag & Caldwell LLC's holdings, making the stock its 15th biggest position. Montag & Caldwell LLC's holdings in Intercontinental Exchange were worth $13,312,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Scarborough Advisors LLC acquired a new stake in shares of Intercontinental Exchange during the fourth quarter worth $25,000. Annapolis Financial Services LLC grew its holdings in shares of Intercontinental Exchange by 1,018.8% during the first quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider's stock valued at $25,000 after buying an additional 163 shares in the last quarter. New Millennium Group LLC purchased a new position in Intercontinental Exchange in the second quarter valued at about $25,000. International Assets Investment Management LLC purchased a new position in Intercontinental Exchange in the second quarter valued at about $25,000. Finally, Redmont Wealth Advisors LLC purchased a new position in Intercontinental Exchange in the first quarter valued at about $26,000. 89.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, CFO Warren Gardiner sold 750 shares of the company's stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $161.43, for a total value of $121,072.50. Following the completion of the transaction, the chief financial officer now owns 16,576 shares of the company's stock, valued at approximately $2,675,863.68. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, General Counsel Andrew J. Surdykowski sold 1,898 shares of the stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $136.66, for a total value of $259,380.68. Following the completion of the transaction, the general counsel now directly owns 46,815 shares of the company's stock, valued at approximately $6,397,737.90. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Warren Gardiner sold 750 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $161.43, for a total value of $121,072.50. Following the completion of the transaction, the chief financial officer now directly owns 16,576 shares of the company's stock, valued at $2,675,863.68. The disclosure for this sale can be found here. Insiders sold a total of 67,096 shares of company stock valued at $9,593,983 in the last quarter. Corporate insiders own 1.10% of the company's stock.

Intercontinental Exchange Stock Performance

Shares of NYSE ICE traded up $1.00 during trading hours on Monday, hitting $161.91. 1,681,501 shares of the company's stock were exchanged, compared to its average volume of 2,466,642. Intercontinental Exchange, Inc. has a 1-year low of $104.49 and a 1-year high of $163.71. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $92.87 billion, a price-to-earnings ratio of 37.14, a PEG ratio of 2.81 and a beta of 1.08. The company's 50-day moving average price is $154.20 and its 200-day moving average price is $142.02.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.03. The business had revenue of $2.32 billion during the quarter, compared to analysts' expectations of $2.31 billion. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. The firm's revenue was up 22.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.43 EPS. On average, sell-side analysts expect that Intercontinental Exchange, Inc. will post 6.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ICE has been the topic of a number of recent research reports. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $168.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, August 6th. Barclays boosted their target price on Intercontinental Exchange from $159.00 to $167.00 and gave the company an "overweight" rating in a research note on Friday, August 2nd. StockNews.com downgraded Intercontinental Exchange from a "hold" rating to a "sell" rating in a research note on Friday, September 6th. Citigroup upped their price target on Intercontinental Exchange from $160.00 to $162.00 and gave the stock a "buy" rating in a research note on Tuesday, July 9th. Finally, The Goldman Sachs Group upgraded Intercontinental Exchange from a "neutral" rating to a "buy" rating and upped their price target for the stock from $143.00 to $167.00 in a research note on Monday, July 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $156.36.

Intercontinental Exchange Profile

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.